The plans were announced in the middle of contentious U.S. labor strikes and contract negotiations between Stellantis and the United Auto Workers union.
Samsung SDI and automaker Stellantis plan to invest more than $3.2 billion in a new electric vehicle battery plant in Kokomo, Indiana.
The announcement was made in the middle of contentious U.S. labor strikes and contract negotiations between the automaker and United Auto Workers union. Battery plants have become a main issue in the labor talks, as UAW views EV battery jobs as crucial to the union's long-term viability.PONTIAC, MI - AUGUST 17: The Dodge Charger Daytona SRT Concept all-electric muscle car is shown at its world reveal during Dodge's Speed Week at M1 Concourse on August 17, 2022 in Pontiac, Michigan. A production electric vehicle from Dodge, a Stellantis N.V. brand, is expected to launch in 2024.
The first $2.5 billion battery plant for StarPlus Energy is under construction. It's scheduled to begin production during the first quarter of 2025. The second plant is expected to begin production of battery cells in early 2027. "Our battery ecosystem is the foundation of our electrification strategy and our great partners Samsung SDI, the State of Indiana, and the City of Kokomo have created a compelling case for locating our sixth gigafactory in Kokomo," Mark Stewart, Stellantis COO North America, said
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